Problem 8-5A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,028.05 and No. 5893 for $494.25. The following information is available for its September 30, 2017, reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS CURRENT BALANCE 16,800.45 9,620.05 11,272.85 18,453.25 CHECKS AND DEBITS Date 09/03 5888 09/04 5902 09/07 5901 DEPOSITS AND CREDITS Date 09/05 09/12 09/21 No Amount 1,028.05 719.90 1,824.25 Amount 1,103.75 2,226.90 4,093.00 2,351.70 600.25NSF 09/25 09/20 5905 09/225903 09/22 5904 09/28 5907 09/29 5909 12.50IN 937.00 399.10 2,090.00 213.85 1,807.65 09/30 09/30 1,485.00CM From Chavez Company's Accounting Records Cash Receipts Deposited Cash Debit 1,103.75 2,226.9e 4,093.00 2,351.70 1,682.75 11,458.10 Date Sept. 5 12 21 25 Cash Disbursements Check No 5901 5902 5903 5904 5905 5906 5907 5908 5909 Cash Credit 1,824.25 719.90 399.10 2,060.00 937.00 982.30 213.85 388.00 1,807.65 9,332.05 Cash Acct. No. 101 Balance 15, 278.15 26,736.25 17,404.20 Date Explanation PR Debit Credit Aug. 31 Balance Sept. 30 Total receipts R12 11,458.10 D23 30 Total disbursements 9,332.05 Additional Information Check No. 5904 is correctly drawn for $2,090 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection fee. The collection and fee are not yet recorded Problem 8-5A Part 1 Required 1. Prepare the September 30, 2017, bank reconciliation for this company. (Round your answers to 2 decimal places.) CHAVEZ COMPANY Bank Reconciliation September 30, 2017 Book balarn Bank statement balance Add Add 0.00 0.00 0.00 0.00 Deduct: Deduct: 0.00 0.00 Adjusted book balance 0.00 0.00 Adjusted bank balance Problem 8-5A Part 2 2. Prepare the journal entries to adjust the book balance of cash to the reconciled balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 2 4 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date General Journal Debit Sept 30 Record entry Clear entry View general journal